No more spreadsheets: Crypto startup says it has a solution for the global supply chain
Today, large manufacturers like automakers rely on a network of banks and non-bank entities to pay suppliers, make payroll and move funds around. Much of that activity can move to stablecoin rails, the firm said.
The fundraise comes after the lowest quarter for blockchain funding in two years, from a high of more thanFive Sigma The firm has already clinched one major client, a supplier in the port services industry, which it claims could move $750 million in the next year. The firm, which historically has required its own clients to pay out a full invoice upfront, will now borrow from OpenTrade's sister company, Five Sigma, the full amount of its client invoice to allow them to pay as they go.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crypto giants Binance, Circle provide UK feedback on legal frameworkCrypto exchange Binance and stablecoin issuer Circle submitted feedback to the UK government as the country considers a new framework to govern both trading and lending of digital assets.
Les mer »
Underground Rap Hero Billy Woods on Coming Full CircleUnderground rap hero billy woods has carved out a distinctive lane for himself over the last 20 years. With a great new album out this week, he looks back on his journey.
Les mer »
Man, 23, shot and killed behind Oxford Circle restaurant, police sayPhiladelphia police are investigating a shooting that killed a 23-year-old man in Oxford Circle.
Les mer »
8 Chicago area students step into the winner's circle for sneaker design projectChicago suburban students step sneaker design project
Les mer »
WTI sinks close to 5% as risk aversion takes hold amidst global economic slowdownWestern Texas Intermediate (WTI), the US crude oil benchmark, plunges more than 4%, reaching a five-week low, on risk aversion spurred by fears of con
Les mer »
Global Risks to Journalists Increase, Say Press AdvocatesPress freedom advocates highlighted a growing number of risks to journalists as a record number have been imprisoned, including WSJ reporter Evan Gershkovich, ahead of the U.N.'s 30th World Press Freedom Day on Wednesday
Les mer »